The Investment: Marcus & Millichap is pleased to o?er 2048 Gates Avenue in the Ridgewood neighborhood of Queens, NY. The subject property, located between Grandview and Fairview Avenues, sits on a 27.5 x 100 foot lot and is built approximately 27.5 x 68 feet, for a total of 5,700 square feet. 2048 Gates is a three-story, walkup rent-stabilized building. It is zoned R6B. The Opportunity: 2048 Gates Avenue sits on a quiet, tree lined street with proximity to both the "M" and "L" trains. The Forest Avenue "M" is a short 4-minute walk south of the property and the Myrtle/Wycko? "L" is approximately a 10-minute walk southwest. The bustling intersection of Forest and Myrtle Avenues is easily accessible where there are new bars, restaurants, cafes and retail locations opening on a weekly basis. The building itself is comprised of six two-bedroom railroad style apartments. This extra-wide property with airshafts allows for various reconfigurations into potential 3-bedroom boxed apartments should that be the goal of the investor.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
